Swiss private equity firm Partners Group Holding AG agreed to buy a majority stake in U.S. community solar developer Dimension Renewable Energy, betting its niche market could grow tenfold in the coming years. Partners paid $400 million for the stake, according to a person with knowledge of the deal, who asked not to be named […]
China’s EV Maker Xpeng Files For Hong Kong Listing
Reuters reported Xpeng’s Hong Kong listing plan in March, citing people familiar with the matter. Rival Nio Inc and Li Auto have similar plans, sources said. Chinese electric vehicle maker Xpeng Inc filed for a dual primary listing on the Hong Kong Stock Exchange on Wednesday. A dual primary listing is different from secondary listing […]
Expectations For Renewable Energy Finance in 2021-2024: Growing Confidence in the Aftermath of the Pandemic
Expectations For Renewable Energy Finance in 2021-2024: Growing Confidence in the Aftermath of the Pandemic. For more information please see below link:
General Motors Escalates The Electric Vehicle Arms Race
General Motors Co on Wednesday boosted its spending on electric and autonomous vehicles, pulled ahead plans for two U.S. battery plants and forecast stronger-than-expected second-quarter profits. The No. 1 U.S. automaker said it will now spend $35 billion through 2025 on EVs, an increase of 75% from March 2020 before the COVID-19 pandemic shut down […]
Climate Policies Could Hand Power And Profits Back to OPEC
The Western rush to replace oil has Gulf producers laughing all the way to the bank. By Ellen R. Wald, a non-resident senior fellow at the Atlantic Council’s Global Energy Center and president of Transversal Consulting, and Jonathan H. Ferziger, a Jerusalem-based nonresident senior fellow at the Atlantic Council and a former Middle East correspondent. […]
Tritium Partners With Loop EV Charging Network to Expand DC Fast Charging Infrastructure
Tritium’s first project with Loop fills a charging gap in Los Angeles’ Miracle Mile. The partnership is expected to extend to Arizona, New York, and New Jersey, with further installations in California. TORRANCE, Calif : To meet growing demand for electric vehicle (EV) charging infrastructure throughout the U.S., Tritium, a global leader in direct current […]
GM to Supply Electric Batteries, Hydrogen Fuel Cell Systems For Wabtec Locomotive
Under the nonbinding memorandum of understanding, GM will supply Ultium electric batteries and Hydrotec hydrogen fuel cell power cubes. Terms of the deal were not disclosed. DETROIT: General Motors Co will supply electric batteries and hydrogen fuel cell systems for rail supplier Wabtec Corp’s locomotives, in a move extending the No. 1 U.S. automaker’s reach […]
More Charging Options Needed At Work, Say Electric Vehicle Drivers
Employers that provide charging stations for electric cars will boost the shift to EVs, make themselves more attractive to potential hires, finds Ipsos and EVBox Group survey. Despite major government policy and auto industry developments aimed at helping more U.S. drivers switch to electric vehicles (EVs), most EV drivers (78%) say they don’t have enough […]
Tesla’s China-Made Vehicle Sales Surge 29% in May – Auto Association
China’s new electric vehicle sales surged 177% to 185,000 cars in May from a year earlier, CPCA said. Overall passenger vehicle sales, however, rose just 1.1% to 1.66 million cars. BEIJING: Tesla Inc sold 33,463 China-made electric cars in May, including exports, a 29% jump from April, according to data from the China Passenger Car […]
U.S. Company Bets on Solar Manufacturing Upturn With New Plant
A U.S. energy company is betting it can help revive domestic solar manufacturing by moving a panel factory from the Pacific Northwest to Upstate New York and cashing in on government support. Convalt Energy is developing a factory in Watertown, New York, that Chief Executive Officer Hari Achuthan envisions producing about 700 megawatts of panels […]